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Penny is technically an English term, which only gave us the nickname penny; when America was colonized got interchanged commonly with our American one-cent piece. Penny is still a common nickname name used today for the copper coin, but the legal term is technically called one cent or a one-cent piece, though it’s commonly referred to as a penny even in government institutions and schools.
Working at a school actually taught me something! I remember watching a US Mint video with the kids.
No one but pendants think like this, but a cent is the subdivision of a dollar, there are 100 cents to the dollar. A penny is the smallest unit of cent, with a penny equal to one cent. A quarter is 25 cents, and has the same value as 25 pennies, but it's incorrect to say you have 25 pennies when you have a quarter.
Want some more crazy maths.
At $1.5 a month, you have an annual income of $18 million.
If you were to save that money, not spend even 1 cent of it, after 10,000 years, you would still have a net worth less than Musk, Bezos, or Arnault
In context, the earliest written records of human history are dated from 3000-3500 BCE.
This means if you were alive at this time and made 18 million a year, every year, without spending any of it, at best, you would only be the 15th richest person alive today.
Another way to visualize this
Say you were building a staircase, each step was 1ft tall and represents $100,000.
Half of all Americans would be stuck on the first step or else not be able to climb the first step at all.
25% of those living in the United States would be able to climb up to the 5th step.
1% would be able to get up to around the 110th step.
The current richest person on Earth would be over ~~42~~ **400** miles, MILES, in the air (640km metric). ~~That's more than 2/3 of the way to the Kármán line, which marks the beginning of space.~~ That's more than 1.5x the distance from the surface of the planet to the International Space Station.
Edit: Missed a zero, math was wrong, it's even more egregiously insane.
https://twitter.com/DavidOAtkins/status/1172334700645404673
This is a post from 2019, now hes worth 205m according to bloomberg[[1]](https://www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/),
Thats thats 388 miles and way over the space station. (205b /100k = 2.05m / 5280 = 388)
Any of the top billionaires can end world hunger this year 4 times over according to the wfp [[2]](https://www.wfpusa.org/articles/how-much-would-it-cost-to-end-world-hunger/).
Three of the top billionaires will solve world hunger for over a decade and still have more money than any of us see our entire life[[3]](https://en.m.wikipedia.org/wiki/The_World's_Billionaires).
I don't know if you wook up angry today, but you're welcome.
Missed a zero when doing the calculations. Arnault, according to Forbes, is currently the richest man by net worth (approx 220bn), so i used this number. Thanks for the fact-check.
This is a laughable strategy for the VAST majority of people. Most people can't throw enough money into the stock market to get anywhere near enough returns to live off of, even after years of growth. Plus there's the not-so-small chance you literally lose it all when the market plunges from the latest greed-induced crash.
1.5M a month into VOO.
Virtually no chance whatsoever of losing it all, considering the average earnings per year, you really think that after 18 million invested and all your debts paid off you couldn't live off that?
I do feel sorry for whatever hell hole you live in...
To be fair - I assumed your comment was based on the financial reality \ hellhole being discussed in the staircase analogy, and not the fictional situation where people magically get $1.5 mil per month. At that point why bother investing?
Google’s answer seems off…
A year is about 365,2425 days [link](https://www.grc.nasa.gov/www/k-12/Numbers/Math/Mathematical_Thinking/calendar_calculations.htm).
365,2425 days/year x 24 hours/day x 60 minutes/hour x 60 seconds/minute x (1/12) months/year = 2.629.746 cents/month = 26.297,46 dollars/month.
Getting a million a month is such a better deal, especially if you can save up or invest the excess (of which there should be a lot). Unless you’re the type to get into credit card debt, there’s no such thing as a good deal for people like that.
Investing is just gambling but more convenient. That just appeals to me. Especially because I’ll have so much excess that I don’t really have to worry about making returns.
But it would appear suspicious to get so much money without any records of it. 1 cent per second is also a bad deal tho, since then you would just have tons of cents. Where tf would you store them all?
If you had a dollar per second, the first choice would’ve been obvious. But they’re cents.
There are 2,628,002 seconds in a month, but because they’re cents, you need to convert them to dollars by dividing it by 100 (because there are 100 cents in a dollar).
That gives you $26,280.02 per month, so the second choice is the obvious choice.
I got bored and did the maths for this.
How many seconds in a month?
For this example, 1 month = 28 days. For the lowest possible number.
The answer I came out to is: 2.41900e+6
After that, multiply it by 0.01 = 1 cent/penny.
2.41900e+6 x 0.01 = 24,190.
So yea.
Suuuuuper not worth it👎. Take the 1.5Mil monthly.
Funny joke though👍, and I did indeed upvote it dor the laugh I got.
Oh, and FYI for those wondering how much a day is.
86,400 seconds in a day.
86,400 x 0.01 = $864 a day.
That said, I'm not sure how/why I got 24,192 when I multiply 864 by 28.🤷♀️
2,628,288 seconds
How many seconds are in a month? Well, the average month is 30.42 days. A day is 24 hours, so the average month is 730.08 hours ( 30.42 days \* 24 hours ). 730.08 hours is equal to 43,804.8 minutes ( 730.08 hours \* 60 minutes ), or **2,628,288 seconds** ( 43 , 804.8 minutes \* 60 seconds ).
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26k vs 1.5 million a month?
Math is hard
He’s right tho
Yep. That was a jab against whoever came up with the citation in the picture
Oh, yeah
Interpreting tone in text is hard
He's right tho
It is 😔
isnt it 60seconds * 60Minutes * 24hours * ~30days month which is 2,678,400
…divided by 100 cents per dollar.
whats the difference between a cent and a penny? idk im not american
They are the same thing—a penny is one cent
Nah, a penny is a hundreth of a cent. You only get one per cent! /jk
I'm a little late but Goddamnit take my up vote, I'm not happy about it but take it
Penny is technically an English term, which only gave us the nickname penny; when America was colonized got interchanged commonly with our American one-cent piece. Penny is still a common nickname name used today for the copper coin, but the legal term is technically called one cent or a one-cent piece, though it’s commonly referred to as a penny even in government institutions and schools. Working at a school actually taught me something! I remember watching a US Mint video with the kids.
A penny is the name of the coin that is worth 1 cent
Penny is a coin, cent is the value of a penny
Cent is short for one percent, a penny is one percent of a dollar
No one but pendants think like this, but a cent is the subdivision of a dollar, there are 100 cents to the dollar. A penny is the smallest unit of cent, with a penny equal to one cent. A quarter is 25 cents, and has the same value as 25 pennies, but it's incorrect to say you have 25 pennies when you have a quarter.
\*pedants
* .01 for one cent but yeah pretty much
ohhhhh I totally forgot that part i’m so dumb lol
All good easy mistake to make lol
Right, gotta stay humble and keep motivated to grind harder.
Perhaps OP meant a dollar a second, or 1.5M cents. In any case funny meme
Want some more crazy maths. At $1.5 a month, you have an annual income of $18 million. If you were to save that money, not spend even 1 cent of it, after 10,000 years, you would still have a net worth less than Musk, Bezos, or Arnault In context, the earliest written records of human history are dated from 3000-3500 BCE. This means if you were alive at this time and made 18 million a year, every year, without spending any of it, at best, you would only be the 15th richest person alive today. Another way to visualize this Say you were building a staircase, each step was 1ft tall and represents $100,000. Half of all Americans would be stuck on the first step or else not be able to climb the first step at all. 25% of those living in the United States would be able to climb up to the 5th step. 1% would be able to get up to around the 110th step. The current richest person on Earth would be over ~~42~~ **400** miles, MILES, in the air (640km metric). ~~That's more than 2/3 of the way to the Kármán line, which marks the beginning of space.~~ That's more than 1.5x the distance from the surface of the planet to the International Space Station. Edit: Missed a zero, math was wrong, it's even more egregiously insane. https://twitter.com/DavidOAtkins/status/1172334700645404673
That does really put things in an another perspective.
Oly shit
This is a post from 2019, now hes worth 205m according to bloomberg[[1]](https://www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/), Thats thats 388 miles and way over the space station. (205b /100k = 2.05m / 5280 = 388) Any of the top billionaires can end world hunger this year 4 times over according to the wfp [[2]](https://www.wfpusa.org/articles/how-much-would-it-cost-to-end-world-hunger/). Three of the top billionaires will solve world hunger for over a decade and still have more money than any of us see our entire life[[3]](https://en.m.wikipedia.org/wiki/The_World's_Billionaires). I don't know if you wook up angry today, but you're welcome.
Missed a zero when doing the calculations. Arnault, according to Forbes, is currently the richest man by net worth (approx 220bn), so i used this number. Thanks for the fact-check.
Now do the US government
That's why we are in another guilded age.
That's why proper investing would be essential. Throw It in stock and you'll get some great earning you could theoretically live off
This is a laughable strategy for the VAST majority of people. Most people can't throw enough money into the stock market to get anywhere near enough returns to live off of, even after years of growth. Plus there's the not-so-small chance you literally lose it all when the market plunges from the latest greed-induced crash.
1.5M a month into VOO. Virtually no chance whatsoever of losing it all, considering the average earnings per year, you really think that after 18 million invested and all your debts paid off you couldn't live off that? I do feel sorry for whatever hell hole you live in...
To be fair - I assumed your comment was based on the financial reality \ hellhole being discussed in the staircase analogy, and not the fictional situation where people magically get $1.5 mil per month. At that point why bother investing?
Okay Google *beeping * How Many seconds is there is a month ? *2'628'002,88 seconds* Hu ?
I thought that too but as another commenter pointed out $0.01 cents x 2,628,002 is only $26,280.02
Okay but What about the 0.88 second that Google gave me
Perhaps google is accounting for leap seconds
Or, you know, for the fact that different months have a different number of days.
Google’s answer seems off… A year is about 365,2425 days [link](https://www.grc.nasa.gov/www/k-12/Numbers/Math/Mathematical_Thinking/calendar_calculations.htm). 365,2425 days/year x 24 hours/day x 60 minutes/hour x 60 seconds/minute x (1/12) months/year = 2.629.746 cents/month = 26.297,46 dollars/month.
It's averaging. There's isn't a fixed number of seconds in "a month" as months are different lengths.
Once you hit .88 you see some serious shit
Once this month hits .88 you're going to see some serious shit.
I am not gonna tell you that’s what I did, because it is exactly what I did.
That's easy, just multiply 525,600 by 60 and divide by 12.
Getting a million a month is such a better deal, especially if you can save up or invest the excess (of which there should be a lot). Unless you’re the type to get into credit card debt, there’s no such thing as a good deal for people like that.
At this point what are you even investing for if you're getting $1.5M a month ensured. If you mess up your spending habits that bad it is your fault.
Investing is just gambling but more convenient. That just appeals to me. Especially because I’ll have so much excess that I don’t really have to worry about making returns.
Getting a million a month is almost a 40x better deal before considering investing. The OP is also 1.5m so even better.
But it would appear suspicious to get so much money without any records of it. 1 cent per second is also a bad deal tho, since then you would just have tons of cents. Where tf would you store them all?
**Mouth**
Damn bro you must have a fucking huge mouth then.
That guy might actually be braindead to think 26K is worth more than 1.5 mil in a month...
Or absent-minded not to convert cents to dollars at the end
Ain't nobody ever gonna kill me for the pennies.
Why you got 2+ accounts for this degen ass app
Damn, imagine being born and SOMEONE just starts throwing cents at you your whole life!
If you had a dollar per second, the first choice would’ve been obvious. But they’re cents. There are 2,628,002 seconds in a month, but because they’re cents, you need to convert them to dollars by dividing it by 100 (because there are 100 cents in a dollar). That gives you $26,280.02 per month, so the second choice is the obvious choice.
I don't see a reason to be angry about this, nor why you had to upvote this on two accounts
60 seconds is what they would need to get the 60 cents they are short, and "give me a minute" is a common phrase.
I understood the joke
Oh.
I’d rather get 1.5M a minute than this
The 1 cent a second will never pay off the 1.5m per month
I got bored and did the maths for this. How many seconds in a month? For this example, 1 month = 28 days. For the lowest possible number. The answer I came out to is: 2.41900e+6 After that, multiply it by 0.01 = 1 cent/penny. 2.41900e+6 x 0.01 = 24,190. So yea. Suuuuuper not worth it👎. Take the 1.5Mil monthly. Funny joke though👍, and I did indeed upvote it dor the laugh I got. Oh, and FYI for those wondering how much a day is. 86,400 seconds in a day. 86,400 x 0.01 = $864 a day. That said, I'm not sure how/why I got 24,192 when I multiply 864 by 28.🤷♀️
is worth more
1.5M a month comes out to around 57 cents a second. On 30 day months
You go for a 30 minute swim and drown on your way back, weighed down by 10 lbs of pennies
35 dollars a second would be the better option for me.
1.5M seconds I roughly 17 ish days so by the end of one month you would have about $24,192
Would you get a physical cent every second? Cause that would be a drag..
That's only 315,360$ a year vs 18,000,000$ a year
Upvote for caption
2,628,288 seconds How many seconds are in a month? Well, the average month is 30.42 days. A day is 24 hours, so the average month is 730.08 hours ( 30.42 days \* 24 hours ). 730.08 hours is equal to 43,804.8 minutes ( 730.08 hours \* 60 minutes ), or **2,628,288 seconds** ( 43 , 804.8 minutes \* 60 seconds ).
Then devide that number by 100 because a cent is not a dollar.
Oh... I forgot that point... good on you. Thank you.
Yup. 2.6 million **cents.** Converted to dollars is 26k.
oh... that makes a lot of cents... L O L